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As UnitedHealth Group Inc.'s stock headed toward a record high on Wednesday, the company's bonds have been selling off following the company's quarterly earnings report early Tuesday.
UnitedHealth Group UNH reported better-than-expected second-quarter earnings on Tuesday.
UnitedHealth Group (UNH) shares surged more than 6% on Tuesday after the health insurance giant topped Wall Street's quarterly earnings estimates and maintained its full-year profit outlook, helping to ease investors' concerns over the financial impact of a February cyberattack on one of its subsidiaries. The stock was the top gainer on the Dow Jones Industrial Average, which soared to a record high on Tuesday.
Nearly half of U.S. adults are struggling to cover the cost of prescription drugs and doctor visits, new research shows, marking a new low for healthcare affordability.
UnitedHealth Group NYSE: UNH has headwinds, but its healthcare business and operational quality offset them, setting the stock to hit new all-time highs. The primary culprit is the recent cyber attacks, which shut down a significant portion of its network and cost more than previously estimated.
Despite its size, the huge insurer managed to post 6% top-line growth. Its bottom-line increase was also quite healthy.
UnitedHealth Group's (UNH) second-quarter earnings continue to be supported by strong Optum and UnitedHealthcare business lines. Rising medical costs partially offset the positives.
The headline numbers for UnitedHealth (UNH) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
UnitedHealth Group Incorporated released its Q2 2024 earnings earlier today. The stock is up >5% in early trading. Revenues came in at $98.9bn, up ~$6bn YOY, while earnings from operations were $7.9bn on a GAAP basis, and net margin stood at 4.3%. Cyberattack impact, the South American operations' sale, and Medicare Advantage business performance were all analyzed on the earnings call with analysts.
UnitedHealth Group stock is higher Tuesday after the insurance giant beat expectations for its second quarter. Here's what you need to know.